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PSP to AMD Converter and calculator

PSP/AMD: 1 PSP = 6.08 AMD. The price of converting 1 ParaSwap (PSP) to Armenian Dram (AMD) is 6.08 AMD today.
PSP
PSP
AMD
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides PSP to AMD real-time exchange rates, making it easy to convert ParaSwap (PSP) to Armenian Dram (AMD). The conversion result is based on real-time data. The conversion result shows that 1 PSP is currently valued at 6.08 AMD. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 PSP is currently valued at 6.08 AMD, which means buying 5 PSP would cost 30.39 AMD. Similarly, ֏1 AMD can be converted to 0.1645 PSP, and ֏50 AMD can be converted to 0.8227 PSP, excluding any platform or gas fees.

Convert PSP to AMD

Convert AMD to PSP

ParaSwap
Armenian Dram
200 PSP
1,215.47  AMD
500 PSP
3,038.68  AMD
1000 PSP
6,077.36  AMD
5000 PSP
30,386.8  AMD
10000 PSP
60,773.61  AMD
In the table above, you'll find a comprehensive PSP to AMD converter that shows the value of ParaSwap in Armenian Dram across commonly used conversion amounts. The list covers conversions from 1 PSP to AMD, all the way up to 10000 PSP, providing a clear view of their respective values.
Armenian Dram
ParaSwap
100000 AMD
16,454.51 PSP
In the table above, you'll find a comprehensive AMD to PSP converter that shows the value of Armenian Dram in ParaSwap across commonly used conversion amounts. The list covers conversions from 1 AMD to PSP, all the way up to 100000 AMD, providing a clear view of their respective values.

PSP to AMD chart

PSP/AMD: 1 PSP = 6.08 AMD; 2025/05/04 22:51:50
In the past 1D, ParaSwap has changed -0.78% to AMD. Based on the trend and price charts, ParaSwap(PSP) has changed -0.78% to AMD while Armenian Dram(AMD) has changed % to PSP in the last 24 hours.
1D7D1M3M1YAll

PSP to AMD conversion data: Volatility and price changes of ParaSwap in AMD

The highest ParaSwap price in AMD over the past 7 days was 7.29 AMD while the lowest ParaSwap price in AMD over the past 7 days was 5.89 AMD. The relative change between the highs and lows in ParaSwap price in AMD over the last 7 days indicates a volatility of %. You can view additional volatility data and PSP to AMD prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
6.14 AMD
7.29 AMD
7.29 AMD
9.76 AMD
Low
6.03 AMD
5.89 AMD
5.25 AMD
5.25 AMD
Average
0 AMD
0 AMD
0 AMD
0 AMD
Volatility
%
%
%
%
Change
-0.78%
-1.48%
-8.72%
-29.08%

ParaSwap information

PSP to AMD market statistics

PSP/AMD:
֏6.08
PSP 24h volume:
֏9,571,678.92
PSP market cap:
֏4,527,493,275.43
PSP circulating supply:
744.98M PSP

Current PSP to AMD exchange rate

ParaSwap to Armenian Dram is falling this week.
ParaSwap's current market price is ֏6.08 per PSP, with a total market cap of ֏4,527,493,275.43 AMD based on a circulating supply of 744,976,900 PSP. The trading volume of ParaSwap has changed by -65.19% (֏-17,923,506.45 AMD) in the last 24 hours. Last trading day, PSP's trading volume was ֏27,495,185.38.

More info about ParaSwap on Bitget

Armenian Dram information

About the Armenian Dram (AMD)

What Is the Armenian Dram (AMD)?

The Armenian Dram (AMD), the national currency of the Republic of Armenia, plays a pivotal role in the country's economy. Represented by the ISO code AMD and symbolized as ֏, the Dram was introduced on November 22, 1993, after the country gained independence from the Soviet Union. The Armenian Dram is the sole legal tender in Armenia, and it is used for all transactions within the country.

The Armenian Dram is issued by the Central Bank of Armenia. Established on March 27, 1993, the Central Bank is responsible for the issuance, regulation, and circulation of the Armenian Dram, as well as implementing the monetary policy of Armenia.

What Is the History of AMD?

The first instance of a currency called "Dram" in Armenia dates back to the period from 1199 to 1375, when silver coins named dram or tram were issued. The Dram underwent several transformations, influenced by various regimes, including the Russian Empire and the Soviet Union. Following Armenia's independence from the Soviet Union on September 21, 1991, the Dram was introduced on November 22, 1993, replacing the Russian ruble.

Notes and Coins of AMD

The official symbol of the Armenian Dram, designed in 1995, is represented by the first capital letter of the word Dram (Դ) with two horizontal lines (֏). Coins in Armenia are available in denominations of 10, 20, 50, 100, 200, and 500 drams, introduced in two series - the first in 1994 and the second between 2003 and 2004.

Armenia has issued three series of banknotes. The first series was introduced in 1993 and was in circulation until 2005. The second series, issued from 1998 onwards, is still in use. A third series was introduced in 2018, featuring denominations of 1,000, 2,000, 5,000, 10,000, 20,000, and 50,000 drams.

Exchange Rates and Economic Implications

The Dram was initially valued at Rbls 200 = 1 dram (US$1 = 404 Drams) in 1993. The exchange rate of the Dram is subject to fluctuations based on global and regional economic conditions. The Dram’s value and exchange rates are crucial for Armenia's trade and economic stability.

Is AMD Pegged to USD?

The Armenian Dram (AMD) is not pegged to the United States Dollar (USD). Armenia operates a floating exchange rate system, where the value of the dram is determined by market forces of supply and demand in the foreign exchange market. This means that the exchange rate of the dram against the USD and other currencies can fluctuate based on economic factors, market sentiment, and other variables.

Bitget crypto-to-fiat exchange data shows that the most popular ParaSwap currency pair is the PSP to AMD, with for ParaSwap's currency code being PSP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AMD.

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PSP to AMD Conversion tables

The exchange rate of ParaSwap is decreasing.
The exchange rate of 1 PSP to Armenian Dram has changed by -1.48% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.78%, reaching a high of 6.14 AMD and a low of 6.03 AMD . One month ago, the value of 1 PSP was ֏6.66 AMD , which represents a -8.72% change from its current value. Over the last year, ParaSwap has changed by
-֏
6.63AMD
, resulting in a change of -52.19% in its value.
24 hours ago1 month ago1 year ago
Amount22:51 today24 hours ago24h change
0.5 PSP֏3.04֏3.06
-0.78%
1 PSP֏6.08֏6.12
-0.78%
5 PSP֏30.39֏30.62
-0.78%
10 PSP֏60.77֏61.25
-0.78%
50 PSP֏303.87֏306.25
-0.78%
100 PSP֏607.74֏612.49
-0.78%
500 PSP֏3,038.68֏3,062.47
-0.78%
1000 PSP֏6,077.36֏6,124.95
-0.78%

PSP to AMD FAQ

How much is 1 ParaSwap in AMD?
Right now, the price of 1 ParaSwap (PSP) in Armenian Dram (AMD) is ֏6.08.
How much PSP can I buy for 1 AMD?
Based on the current exchange rate, you can get 0.1645 PSP for 1 AMD.
How do I calculate or convert PSP to AMD?
You can use our PSP to AMD calculator at the top of this page to convert any amount of PSP to AMD. We've also included quick-reference tables for the most popular conversions. For example, 5 AMD is equivalent to 0.8227 PSP, while 5 PSP will cost around 30.39AMD.
What is the highest price of PSP/AMD in history?
The all-time high price of 1 PSP in AMD is ֏2,960.65. It remains to be seen if the value of 1 PSP/AMD will exceed the current all-time high.
What is the price trend of ParaSwap in AMD?
Over the past 7 days, the exchange rate of ParaSwap (PSP) has gone down by 1.48%.   Over the last month, the exchange rate of ParaSwap (PSP) has gone down by 8.72% against Armenian Dram (AMD).

What factors influence the conversion rate of PSP to AMD?

There are many factors that affect the relationship between ParaSwap and Armenian Dram, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of PSP/AMD. When there is positive news in the market about the widespread adoption of PSP or major technological breakthroughs, it tends to trigger market optimism and drive the rise of PSP/AMD. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in PSP/AMD.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of PSP/AMD. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of ParaSwap and adjust their investment strategies accordingly in the evolving market.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.